KATHMANDU, Oct 2: Shine Resunga Development Bank has said that it will distribute 28.42 percent dividend to its shareholders.
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Issuing a press release, the Butwal-headquartered development bank said its board meeting held on Friday decided to propose 27 percent bonus shares and 1.42 percent cash dividend (for tax purpose) to its shareholders from the net profit earned in Fiscal Year 2014/15.
The decision, however, is subject to approval of Nepal Rastra Bank and the bannk's upcoming annual general meeting, the release added.
